Energy Versus Relevance in a Comparative Brand Equity Context: Implications for Brand Portfolio Management
Article Details
Pub. Date
:
Dec,
2014
Product Name
:
The IUP Journal of Brand Management
Product Type
:
Article
Product Code
:
IJBRM21412
Author Name
:
Henrik Uggla
Availability
:
YES
Subject/Domain
:
Marketing
Management
Download Format
:
PDF Format
No. of Pages
:
11
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Abstract
The paper attempts to align brand portfolio management with the concepts of energy and relevance in brand management based on a comparative analysis of three brand equity models. Despite the extreme focus on brand relevance during the last years, it is argued that brand energy might be an even more crucial concept for long-term brand survival.
Description
Brand equity is one of the most critical concepts within brand management today and it
is continuously measured globally in both psychological and financial terms. For the first
time in history, Coca-Cola Company was replaced by Apple as the most financially
valuable brand according to Interbrands (2013) measuring of the strongest global brands.
The emergence of brand equity discussions in the theoretical literature incrementally
broadens the basis of the brand value discussion from mere name recognition to
associations and loyalty for the brand (Aaker, 1991). There are also more critical attempts
to argue for and against a concept such as brand equity (Barwise, 1993) to innovating
conceptualizations, aimed at explaining brand equity for co-branding in terms of
composite concepts such as reach-awareness co-branding (Blackett and Boad, 1999).